HSBC
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WPM supports the CIB LOB. WPM’s role is to improve portfolio risk management and risk/return on the credit portfolio through managing key LOB processes such as deal origination, loan sales, and hedging.
The WPM (Trading & Hedging) Vice President role will be involved in all aspects of WPM hedging and loan sales execution, credit portfolio monitoring & MI, risk reviews & analysis, risk management, and capital allocation within the CIB business. The role requires working closely with the WPM origination team, CIB customer coverage teams, and the 2nd line of defense (Risk and Finance).
Here's what you can expect:
Primary Responsibilities / Essential Functions:
Execute and book trades of Credit Default Swap (CDS)
Execute Loan Sales
Prepare a Daily Flash P&L for the hedge book (CDS, CLO)
Ongoing management of the CLO (a structured Portfolio transaction)
Provide analysis for CDS hedging and loans sales
Support compliance processes for trading (CDS/Loan sales)
Prepare a Monthly Credit Portfolio MI and Hedge/Loan sales reporting for management and Risk & Finance
Provide WPM and management ad hoc risk/return analysis as needed (may include sector and stress test analysis)
Support WPM and broader efforts to improve portfolio data quality and transparency
Actively support and work with 2nd Line of Defense (Risk and Finance) on risk management processes (may include Risk Limit and Stress test processes e.g., CCAR)
Assist with implementing, as appropriate, WPM relevant regulatory and internal policy/guideline changes, including communication and support to origination teams
Assist, as needed, in resolving WPM relevant audit points and issues raised by regulators
Support ad hoc projects/initiatives to improve the management of the credit portfolio (e.g., Economic Capital)
For this role, HSBC targets a pay range between $150,000 and $180,000.
Considering applying for this job Do not delay, scroll down and make your application as soon as possible to avoid missing out.
The final fixed pay offer will depend on the candidate and a number of variables, including but not limited to, role responsibilities, skill set, depth of experience and education, licensing/certification requirements, internal relativity, and specific work location. At HSBC, our overall goal is to provide a competitive Total Reward Package, with an appropriate mix of fixed pay and variable pay, as part of an employee’s overall total compensation and benefits. Variable pay generally takes the form of discretionary, annual awards (sometimes referred to as a “bonus”). Additionally, HSBC offers a wide range of competitive and flexible benefits designed to help you improve your health and well-being, finances, and lifestyle.
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Considering applying for this job Do not delay, scroll down and make your application as soon as possible to avoid missing out.
The final fixed pay offer will depend on the candidate and a number of variables, including but not limited to, role responsibilities, skill set, depth of experience and education, licensing/certification requirements, internal relativity, and specific work location. At HSBC, our overall goal is to provide a competitive Total Reward Package, with an appropriate mix of fixed pay and variable pay, as part of an employee’s overall total compensation and benefits. Variable pay generally takes the form of discretionary, annual awards (sometimes referred to as a “bonus”). Additionally, HSBC offers a wide range of competitive and flexible benefits designed to help you improve your health and well-being, finances, and lifestyle.
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